Marvell Technology - MRVL Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRVL shares.
View MRVL analyst ratings or view top-rated stocks.

25 Wall Street research analysts have issued 12 month target prices for Marvell Technology's shares. Their MRVL share price forecasts range from $41.00 to $125.00. On average, they expect the company's share price to reach $64.31 in the next twelve months. This suggests a possible upside of 59.1% from the stock's current price.
View analysts price targets for MRVL or view top-rated stocks among Wall Street analysts.

Marvell Technology's stock was trading at $87.49 on January 1st, 2022. Since then, MRVL shares have decreased by 53.8% and is now trading at $40.41.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MRVL earnings forecast.

Marvell Technology, Inc. (NASDAQ:MRVL) released its earnings results on Wednesday, December, 1st. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The semiconductor company earned $1.21 billion during the quarter, compared to the consensus estimate of $1.15 billion. Marvell Technology had a negative net margin of 2.43% and a positive trailing twelve-month return on equity of 8.50%. The business's revenue was up 61.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS.

Marvell Technology announced a quarterly dividend on Friday, September 23rd. Investors of record on Friday, October 7th will be given a dividend of $0.06 per share on Wednesday, October 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 6th.
Read our dividend analysis for MRVL.

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.58%.
Read our dividend analysis for MRVL.

Marvell Technology updated its fourth quarter 2023 earnings guidance on Thursday, December, 1st. The company provided EPS guidance of $0.41-$0.51 for the period, compared to the consensus EPS estimate of $0.62. The company issued revenue guidance of $1.33 billion-$1.47 billion, compared to the consensus revenue estimate of $1.61 billion.

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.82%), BlackRock Inc. (7.32%), State Street Corp (2.19%), Price T Rowe Associates Inc. MD (1.96%), Fisher Asset Management LLC (1.36%) and Brown Advisory Inc. (1.31%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Richard Hill, Willem A Meintjes and Willem A Meintjes.
View institutional ownership trends.

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of MRVL stock can currently be purchased for approximately $40.41.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $34.48 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

The company employs 6,729 workers across the globe.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.